Kapitalo Investimentos Ltda Acquires New Position in Brighthouse Financial, Inc. $BHF

Kapitalo Investimentos Ltda acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) in the second quarter, HoldingsChannel.com reports. The fund acquired 67,400 shares of the company’s stock, valued at approximately $4,266,000.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Brighthouse Financial during the 2nd quarter worth approximately $341,422,000. Dimensional Fund Advisors LP increased its holdings in shares of Brighthouse Financial by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,555,823 shares of the company’s stock valued at $212,926,000 after purchasing an additional 60,791 shares during the last quarter. UBS Group AG increased its holdings in shares of Brighthouse Financial by 98.1% in the third quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock valued at $181,177,000 after purchasing an additional 1,690,064 shares during the last quarter. HBK Investments L P purchased a new position in Brighthouse Financial during the fourth quarter worth approximately $136,059,000. Finally, Glazer Capital LLC purchased a new position in Brighthouse Financial during the fourth quarter worth approximately $113,252,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Down 0.1%

BHF stock opened at $51.87 on Wednesday. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.80. The firm has a market cap of $2.98 billion, a PE ratio of 4.14 and a beta of 0.87. The firm’s 50 day moving average price is $61.82 and its 200-day moving average price is $61.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.96.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.86 by ($0.41). Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the business earned $3.43 EPS. Brighthouse Financial’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Brighthouse Financial, Inc. will post 18.83 EPS for the current year.

Analysts Set New Price Targets

BHF has been the subject of several analyst reports. Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brighthouse Financial in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Eight research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Brighthouse Financial presently has a consensus rating of “Reduce” and an average price target of $60.50.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.